India : International Organization of Securities Commission Objectives and Principles of Securities Regulation
An assessment of the level of implementation of the IOSCO principles in the Indian securities market was conducted from June 15 to July 1, 2011 as part of the Financial Sector Assessment Program (FSAP) by Ana Carvajal, Monetary and capital markets...
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| Format: | Financial Sector Assessment Program (FSAP) |
| Language: | English en_US |
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World Bank, Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/08/18181397/india-international-organization-securities-commission-objectives-iosco-principles-securities-regulation-detailed-assessmenr-india-international-organization-securities-commission-objectives-iosco-principles-securities-regulation-detailed-assessmenr http://hdl.handle.net/10986/15960 |
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okr-10986-15960 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ACCOUNTING STANDARDS ASSET BACKED SECURITIES ASSET CLASSES ASSET MANAGEMENT ASSETS UNDER MANAGEMENT AUDIT COMMITTEE AUDITORS AUDITS BANKING REGULATION BARRIERS TO ENTRY BOND BOND MARKETS BROKER BROKER DEALERS BROKER-DEALERS BROKERS CAPITAL MARKETS CAPITAL REQUIREMENTS CASH MARKET CENTRAL SECURITIES DEPOSITORIES CERTIFICATION PROCESS CLEARING CORPORATION CLIENT ASSETS CODE OF CONDUCT COLLATERAL COLLECTIVE INVESTMENT COLLECTIVE INVESTMENT SCHEMES CONFIDENTIALITY CONFLICT OF INTEREST CONFLICTS OF INTEREST CORPORATE BOND CORPORATE BOND MARKETS CORPORATE BONDS CORPORATE GOVERNANCE CREDIT RATING CREDIT RATING AGENCIES CURRENCY CUSTODY DEBENTURE DEBENTURES DEBT DEBT ISSUERS DEBT OFFERINGS DEBT SECURITIES DEFAULT RISK DEPOSIT DEPOSITORY DERIVATIVES DERIVATIVES MARKET DERIVATIVES MARKETS DISCLOSURE DISCLOSURE REQUIREMENTS DIVIDEND ENFORCEMENT ACTIONS ENFORCEMENT POWERS EQUITY DERIVATIVES EQUITY FUNDS EQUITY MARKET EQUITY MARKETS EXCHANGE BOARD EXPOSURE EXPOSURES FINANCIAL COMPANIES FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FOREIGN EXCHANGE FOREIGN INSTITUTIONAL INVESTORS FOREIGN INVESTORS FOREIGN OWNERSHIP FORWARD CONTRACTS FUND MANAGERS FUTURES GOVERNMENT SECURITIES GUARANTEE FUND HEDGE FUND HEDGE FUND MANAGERS HEDGE FUNDS HOLDING HOLDINGS HUMAN RESOURCES ILLIQUID ASSETS ILLIQUID SECURITIES INFORMATION SHARING INSIDER INSIDER TRADING INSOLVENCY PROCEEDINGS INSOLVENCY REGIME INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE POLICIES INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT RESTRICTIONS IPOS ISSUANCE ISSUANCES JOINT VENTURE JURISDICTION JURISDICTIONS JUSTICE SYSTEM LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISION LEGAL PROVISIONS LEGAL SYSTEM LEVIES LEVY LIQUID ASSETS LIQUIDITY MANAGEMENT COMPANY MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET INTERMEDIARIES MARKET INTERMEDIARY MARKET MANIPULATION MARKET PARTICIPANTS MARKET SECURITIES MARKET STRUCTURE MARKET SURVEILLANCE MARKET SURVEILLANCE SYSTEM MARKET SURVEILLANCE SYSTEMS MARKET TURNOVER MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONEY MARKET MONEY MARKET SECURITIES MUTUAL FUND MUTUAL FUNDS NATIONAL SECURITIES NATIONAL STOCK EXCHANGE NONPAYMENT PAYMENT OF DIVIDENDS PORTFOLIO PORTFOLIO MANAGER PORTFOLIO MANAGERS PORTFOLIOS PRICE BANDS PRIVATE PLACEMENTS PRIVATE SECTOR DEVELOPMENT PROFIT EXCHANGES PROSPECTUS PUBLIC COMPANIES PUBLIC OFFERING REGISTRATION PROCESS REGISTRATION REQUIREMENTS REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY PRACTICE REGULATORY REGIME REGULATORY SYSTEM REGULATORY TREATMENT REPO REPUTATION RESERVE RESERVE BANK RETAIL INVESTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS SECONDARY MARKET SECONDARY MARKET TRADING SECONDARY MARKETS SECURITIES SECURITIES COMMISSION SECURITIES COMMISSIONS SECURITIES EXCHANGES SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATOR SECURITIES TRANSACTION SECURITIES TRANSACTIONS SELF-REGULATION SETTLEMENT SETTLEMENT SYSTEMS SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES SYSTEMIC RISK TAX TRADING TRADING ACTIVITIES TRADING PLATFORMS TRADING SYSTEMS TRADING VOLUME TRANSFER OF SECURITIES TRANSPARENCY TRUSTEES UNDERWRITERS UNFAIR PRACTICES VALUATION VOLATILITY |
| spellingShingle |
ACCOUNTING ACCOUNTING STANDARDS ASSET BACKED SECURITIES ASSET CLASSES ASSET MANAGEMENT ASSETS UNDER MANAGEMENT AUDIT COMMITTEE AUDITORS AUDITS BANKING REGULATION BARRIERS TO ENTRY BOND BOND MARKETS BROKER BROKER DEALERS BROKER-DEALERS BROKERS CAPITAL MARKETS CAPITAL REQUIREMENTS CASH MARKET CENTRAL SECURITIES DEPOSITORIES CERTIFICATION PROCESS CLEARING CORPORATION CLIENT ASSETS CODE OF CONDUCT COLLATERAL COLLECTIVE INVESTMENT COLLECTIVE INVESTMENT SCHEMES CONFIDENTIALITY CONFLICT OF INTEREST CONFLICTS OF INTEREST CORPORATE BOND CORPORATE BOND MARKETS CORPORATE BONDS CORPORATE GOVERNANCE CREDIT RATING CREDIT RATING AGENCIES CURRENCY CUSTODY DEBENTURE DEBENTURES DEBT DEBT ISSUERS DEBT OFFERINGS DEBT SECURITIES DEFAULT RISK DEPOSIT DEPOSITORY DERIVATIVES DERIVATIVES MARKET DERIVATIVES MARKETS DISCLOSURE DISCLOSURE REQUIREMENTS DIVIDEND ENFORCEMENT ACTIONS ENFORCEMENT POWERS EQUITY DERIVATIVES EQUITY FUNDS EQUITY MARKET EQUITY MARKETS EXCHANGE BOARD EXPOSURE EXPOSURES FINANCIAL COMPANIES FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FOREIGN EXCHANGE FOREIGN INSTITUTIONAL INVESTORS FOREIGN INVESTORS FOREIGN OWNERSHIP FORWARD CONTRACTS FUND MANAGERS FUTURES GOVERNMENT SECURITIES GUARANTEE FUND HEDGE FUND HEDGE FUND MANAGERS HEDGE FUNDS HOLDING HOLDINGS HUMAN RESOURCES ILLIQUID ASSETS ILLIQUID SECURITIES INFORMATION SHARING INSIDER INSIDER TRADING INSOLVENCY PROCEEDINGS INSOLVENCY REGIME INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE POLICIES INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT RESTRICTIONS IPOS ISSUANCE ISSUANCES JOINT VENTURE JURISDICTION JURISDICTIONS JUSTICE SYSTEM LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISION LEGAL PROVISIONS LEGAL SYSTEM LEVIES LEVY LIQUID ASSETS LIQUIDITY MANAGEMENT COMPANY MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET INTERMEDIARIES MARKET INTERMEDIARY MARKET MANIPULATION MARKET PARTICIPANTS MARKET SECURITIES MARKET STRUCTURE MARKET SURVEILLANCE MARKET SURVEILLANCE SYSTEM MARKET SURVEILLANCE SYSTEMS MARKET TURNOVER MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONEY MARKET MONEY MARKET SECURITIES MUTUAL FUND MUTUAL FUNDS NATIONAL SECURITIES NATIONAL STOCK EXCHANGE NONPAYMENT PAYMENT OF DIVIDENDS PORTFOLIO PORTFOLIO MANAGER PORTFOLIO MANAGERS PORTFOLIOS PRICE BANDS PRIVATE PLACEMENTS PRIVATE SECTOR DEVELOPMENT PROFIT EXCHANGES PROSPECTUS PUBLIC COMPANIES PUBLIC OFFERING REGISTRATION PROCESS REGISTRATION REQUIREMENTS REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY PRACTICE REGULATORY REGIME REGULATORY SYSTEM REGULATORY TREATMENT REPO REPUTATION RESERVE RESERVE BANK RETAIL INVESTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS SECONDARY MARKET SECONDARY MARKET TRADING SECONDARY MARKETS SECURITIES SECURITIES COMMISSION SECURITIES COMMISSIONS SECURITIES EXCHANGES SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATOR SECURITIES TRANSACTION SECURITIES TRANSACTIONS SELF-REGULATION SETTLEMENT SETTLEMENT SYSTEMS SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES SYSTEMIC RISK TAX TRADING TRADING ACTIVITIES TRADING PLATFORMS TRADING SYSTEMS TRADING VOLUME TRANSFER OF SECURITIES TRANSPARENCY TRUSTEES UNDERWRITERS UNFAIR PRACTICES VALUATION VOLATILITY International Monetary Fund World Bank India : International Organization of Securities Commission Objectives and Principles of Securities Regulation |
| geographic_facet |
South Asia India |
| description |
An assessment of the level of
implementation of the IOSCO principles in the Indian
securities market was conducted from June 15 to July 1, 2011
as part of the Financial Sector Assessment Program (FSAP) by
Ana Carvajal, Monetary and capital markets department. An
initial IOSCO assessment was conducted in 2000. Since then
significant changes have taken place in the Indian market,
in terms of market development, upgrading of market
infrastructure and of the regulatory framework. The IOSCO
methodology requires that assessors not only look at the
legal and regulatory framework in place, but at how it has
been implemented in practice. The assessor relied on: (i) a
self-assessment developed by Securities Board Exchange of
India (SEBI); (ii) the review of relevant laws, and other
relevant documents provided by the authorities including
annual reports; (iii) meetings with the Chairman of SEBI and
other members of the Board, staff of SEBI as well as the
RBI, and other public authorities, in particular
representatives of the Ministry of Finance (MoF) and the
Ministry of Corporate Affairs (MCA); as well as (iv)
meetings with market participants, including issuers,
brokers, merchant bankers, fund managers, stock exchanges,
external auditors, credit rating agencies and law firms. |
| format |
Economic & Sector Work :: Financial Sector Assessment Program (FSAP) |
| author |
International Monetary Fund World Bank |
| author_facet |
International Monetary Fund World Bank |
| author_sort |
International Monetary Fund |
| title |
India : International Organization of Securities Commission Objectives and Principles of Securities Regulation |
| title_short |
India : International Organization of Securities Commission Objectives and Principles of Securities Regulation |
| title_full |
India : International Organization of Securities Commission Objectives and Principles of Securities Regulation |
| title_fullStr |
India : International Organization of Securities Commission Objectives and Principles of Securities Regulation |
| title_full_unstemmed |
India : International Organization of Securities Commission Objectives and Principles of Securities Regulation |
| title_sort |
india : international organization of securities commission objectives and principles of securities regulation |
| publisher |
World Bank, Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2013/08/18181397/india-international-organization-securities-commission-objectives-iosco-principles-securities-regulation-detailed-assessmenr-india-international-organization-securities-commission-objectives-iosco-principles-securities-regulation-detailed-assessmenr http://hdl.handle.net/10986/15960 |
| _version_ |
1764431706758053888 |
| spelling |
okr-10986-159602021-04-23T14:03:23Z India : International Organization of Securities Commission Objectives and Principles of Securities Regulation International Monetary Fund World Bank ACCOUNTING ACCOUNTING STANDARDS ASSET BACKED SECURITIES ASSET CLASSES ASSET MANAGEMENT ASSETS UNDER MANAGEMENT AUDIT COMMITTEE AUDITORS AUDITS BANKING REGULATION BARRIERS TO ENTRY BOND BOND MARKETS BROKER BROKER DEALERS BROKER-DEALERS BROKERS CAPITAL MARKETS CAPITAL REQUIREMENTS CASH MARKET CENTRAL SECURITIES DEPOSITORIES CERTIFICATION PROCESS CLEARING CORPORATION CLIENT ASSETS CODE OF CONDUCT COLLATERAL COLLECTIVE INVESTMENT COLLECTIVE INVESTMENT SCHEMES CONFIDENTIALITY CONFLICT OF INTEREST CONFLICTS OF INTEREST CORPORATE BOND CORPORATE BOND MARKETS CORPORATE BONDS CORPORATE GOVERNANCE CREDIT RATING CREDIT RATING AGENCIES CURRENCY CUSTODY DEBENTURE DEBENTURES DEBT DEBT ISSUERS DEBT OFFERINGS DEBT SECURITIES DEFAULT RISK DEPOSIT DEPOSITORY DERIVATIVES DERIVATIVES MARKET DERIVATIVES MARKETS DISCLOSURE DISCLOSURE REQUIREMENTS DIVIDEND ENFORCEMENT ACTIONS ENFORCEMENT POWERS EQUITY DERIVATIVES EQUITY FUNDS EQUITY MARKET EQUITY MARKETS EXCHANGE BOARD EXPOSURE EXPOSURES FINANCIAL COMPANIES FINANCIAL CONGLOMERATES FINANCIAL CRISIS FINANCIAL MANAGEMENT FINANCIAL MARKETS FINANCIAL SECTOR FINANCIAL SECTOR DEVELOPMENT FINANCIAL SERVICES FINANCIAL STABILITY FINANCIAL STATEMENTS FOREIGN EXCHANGE FOREIGN INSTITUTIONAL INVESTORS FOREIGN INVESTORS FOREIGN OWNERSHIP FORWARD CONTRACTS FUND MANAGERS FUTURES GOVERNMENT SECURITIES GUARANTEE FUND HEDGE FUND HEDGE FUND MANAGERS HEDGE FUNDS HOLDING HOLDINGS HUMAN RESOURCES ILLIQUID ASSETS ILLIQUID SECURITIES INFORMATION SHARING INSIDER INSIDER TRADING INSOLVENCY PROCEEDINGS INSOLVENCY REGIME INSTITUTIONAL INVESTORS INSTRUMENT INSURANCE INSURANCE COMPANIES INSURANCE POLICIES INTEREST RATES INTERNAL AUDIT INTERNAL CONTROL INTERNAL CONTROLS INTERNATIONAL ACCOUNTING STANDARDS INTERNATIONAL BANK INTERNATIONAL STANDARDS INVESTMENT RESTRICTIONS IPOS ISSUANCE ISSUANCES JOINT VENTURE JURISDICTION JURISDICTIONS JUSTICE SYSTEM LEGAL AUTHORITY LEGAL FRAMEWORK LEGAL PROTECTION LEGAL PROVISION LEGAL PROVISIONS LEGAL SYSTEM LEVIES LEVY LIQUID ASSETS LIQUIDITY MANAGEMENT COMPANY MARKET CAPITALIZATION MARKET DEVELOPMENT MARKET DEVELOPMENTS MARKET INFRASTRUCTURE MARKET INTERMEDIARIES MARKET INTERMEDIARY MARKET MANIPULATION MARKET PARTICIPANTS MARKET SECURITIES MARKET STRUCTURE MARKET SURVEILLANCE MARKET SURVEILLANCE SYSTEM MARKET SURVEILLANCE SYSTEMS MARKET TURNOVER MINIMUM CAPITAL REQUIREMENTS MONETARY FUND MONEY MARKET MONEY MARKET SECURITIES MUTUAL FUND MUTUAL FUNDS NATIONAL SECURITIES NATIONAL STOCK EXCHANGE NONPAYMENT PAYMENT OF DIVIDENDS PORTFOLIO PORTFOLIO MANAGER PORTFOLIO MANAGERS PORTFOLIOS PRICE BANDS PRIVATE PLACEMENTS PRIVATE SECTOR DEVELOPMENT PROFIT EXCHANGES PROSPECTUS PUBLIC COMPANIES PUBLIC OFFERING REGISTRATION PROCESS REGISTRATION REQUIREMENTS REGULATORS REGULATORY AGENCIES REGULATORY AGENCY REGULATORY AUTHORITIES REGULATORY FRAMEWORK REGULATORY OVERSIGHT REGULATORY PRACTICE REGULATORY REGIME REGULATORY SYSTEM REGULATORY TREATMENT REPO REPUTATION RESERVE RESERVE BANK RETAIL INVESTORS RISK MANAGEMENT RISK MANAGEMENT SYSTEM RISK MANAGEMENT SYSTEMS SECONDARY MARKET SECONDARY MARKET TRADING SECONDARY MARKETS SECURITIES SECURITIES COMMISSION SECURITIES COMMISSIONS SECURITIES EXCHANGES SECURITIES MARKET SECURITIES MARKETS SECURITIES REGULATION SECURITIES REGULATOR SECURITIES TRANSACTION SECURITIES TRANSACTIONS SELF-REGULATION SETTLEMENT SETTLEMENT SYSTEMS SHAREHOLDERS STOCK EXCHANGE STOCK EXCHANGES SYSTEMIC RISK TAX TRADING TRADING ACTIVITIES TRADING PLATFORMS TRADING SYSTEMS TRADING VOLUME TRANSFER OF SECURITIES TRANSPARENCY TRUSTEES UNDERWRITERS UNFAIR PRACTICES VALUATION VOLATILITY An assessment of the level of implementation of the IOSCO principles in the Indian securities market was conducted from June 15 to July 1, 2011 as part of the Financial Sector Assessment Program (FSAP) by Ana Carvajal, Monetary and capital markets department. An initial IOSCO assessment was conducted in 2000. Since then significant changes have taken place in the Indian market, in terms of market development, upgrading of market infrastructure and of the regulatory framework. The IOSCO methodology requires that assessors not only look at the legal and regulatory framework in place, but at how it has been implemented in practice. The assessor relied on: (i) a self-assessment developed by Securities Board Exchange of India (SEBI); (ii) the review of relevant laws, and other relevant documents provided by the authorities including annual reports; (iii) meetings with the Chairman of SEBI and other members of the Board, staff of SEBI as well as the RBI, and other public authorities, in particular representatives of the Ministry of Finance (MoF) and the Ministry of Corporate Affairs (MCA); as well as (iv) meetings with market participants, including issuers, brokers, merchant bankers, fund managers, stock exchanges, external auditors, credit rating agencies and law firms. 2013-10-01T16:30:38Z 2013-10-01T16:30:38Z 2013-08 http://documents.worldbank.org/curated/en/2013/08/18181397/india-international-organization-securities-commission-objectives-iosco-principles-securities-regulation-detailed-assessmenr-india-international-organization-securities-commission-objectives-iosco-principles-securities-regulation-detailed-assessmenr http://hdl.handle.net/10986/15960 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Economic & Sector Work :: Financial Sector Assessment Program (FSAP) Economic & Sector Work South Asia India |